BlackRock's spot Bitcoin ETF experienced $405.3M in outflows on Nov. 2, its largest single-day exit in four months.
Macro & Markets ·
BlackRock's spot Bitcoin ETF experienced $405.3M in outflows on November 2, marking its largest single-day exit in over four months. The withdrawal occurred amid broader market movements in crypto-linked investment products. On the same date, U.S. spot Bitcoin ETFs collectively recorded $399M in net outflows while Ethereum ETFs saw $140M in outflows, though some funds including Fidelity and Morgan Stanley vehicles showed modest inflows.
The timing and scale of BlackRock's outflow suggests investor repositioning or profit-taking. Whether the outflows reflect broader portfolio rebalancing, reactions to macroeconomic data released on or near that date, or shifts in Bitcoin sentiment remains unclear from available reporting. The magnitude represents a significant single-day movement relative to typical trading patterns in the spot Bitcoin ETF space over recent months.